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Property profile & analytics
OFF-MARKET Estimated value $605,000
Office buildings

905 Macomb St Monroe, MI 48162-3075

7,371 SF 1.86 ac lot Built 1979
Individually Owned 5-yr Hold Free & Clear
Property ID
US43-0205173
Property summary
AI-generated overview

This exceptional 2,560 square foot medical office suite is located in a professional medical complex at 905 N Macomb #3, Monroe, MI 48162. The suite boasts high visibility and a highly convenient location directly across from Promedica hospital and surrounded by numerous other medical facilities, ensuring excellent patient access and a strong referral network. The space is currently configured to include a reception area, a comfortable waiting room, two private offices ideal for consultations or administrative tasks, a dedicated lab space, and four well-appointed exam rooms. A single restroom is also included. Ample parking is available for both staff and patients, enhancing the overall convenience of the location. The suite is offered as a gross lease, simplifying the financial aspects of tenancy. This turnkey medical office space presents a fantastic opportunity for medical professionals seeking a well-established and easily accessible location to serve their patients. The property is situated in Monroe County, Michigan, and offers a single available space within a multi-tenant building.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1979
Construction WOOD FRAME
Total area 7,371 SF
Lot 1.86 ac (81,109 SF)
Zoning code R-1A
APN 55-69-01231-003
UPID US43-0205173
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Hiras Pharmacy Pharmacy
  • Mark A Snider Md Pediatrician Physician
  • Mercy Memorial Family Medicine Medical Clinic
  • Monroe Urology Associates Medical Clinic Physician
  • Dr. Cornelio Naguit Geriatric Care Provider
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$712k
Blend (final) Blend
$605k
Owner & transaction history
Ramachandran S Nair · 5 yrs held
Ramachandran S Nair
since 2020
Last sale
$525,000
5 recorded transactions
2020
$525,000
2020
Price N/A
2012
Price N/A
2011
Price N/A
1969
Price N/A
Zoning & alternative use
R-1A · Monroe, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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